About the Society
Arkansas Society of CPAs (ARCPA) is an active professional organization of CPAs working together to improve the profession and serve the public interest.
With over 100 years of service to the accounting profession, the mission of ARCPA is to act on behalf of its members and to provide support in enabling its members to perform quality professional services.
Upcoming Events
Annual Tax Update: Corporations and Pass-Through Entities
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2021 FASB and AICPA Update
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Annual Tax Update: Individuals and Sole Proprietors
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Compilation and Review Practice Guide
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Latest News
Tax professionals can now order more transcripts from the IRS
The Internal Revenue Service announced that, effective Nov. 15, 2021, tax professionals are able to order up to 30 Transcript Delivery System (TDS) transcripts per client through the Practitioner Priority Service® line. This is an increase from the previous 10 transcripts per client limit.
Posted on November 22, 2021
IRS addresses taxpayer reliance on FAQs, will save copies of old FAQs
The IRS recently announced that if a taxpayer relies in good faith on frequently asked questions (FAQs) that the Service posts to its website, and if that reliance is reasonable, then the taxpayer will have a reasonable-cause defense against any negligence penalty or other accuracy-related penalty if it turns out that the FAQ does not correctly state the law as it applies to the taxpayer's situation. This new policy applies to all FAQs, including those released by the IRS before the policy was announced.
Posted on October 19, 2021
